Mood:
chattyTopic: Funny Stuff
Vicente Fox Announces Huge Oil Find
Mexico has discovered a huge new oil reserve that will increase its production capacity by nearly 50 percent, President Vicente Fox said Monday night - explaining that he intends to discuss how he'll use his new oil bonanza when he meets with President Bush in two weeks.
"We have excellent news that we will be announcing in a couple of weeks from now," Fox told MSNBC's "Rita Cosby Live and Direct."
He described the find as "a huge new reserve of oil and natural gas in the Gulf of Mexico that belongs to Mexicans" and noted that in his upcoming meeting with Bush, "energy is a key for our discussions."
Fox said his country's largest oil reserve is Cantarell, which is rapidly depleting. "This new reserve that we just have found will totally replace Cantarell with even more quantity then what originally Cantarell had," he told Cosby.
The White House announced over the weekend that Bush, Fox and Canadian Prime Minister Stephen Harper will hold an economic and security summit in Cancun on March 30 and 31. Among the items on the agenda: "our common prosperity."
Fox said the oil find would help both the U.S. and Mexico deal with their respective "migration" problems.
"We see that migration is not only moving from Mexico to United States," he explained. "Last year we had to hold over 200,000 Central Americans that cross the border with Mexico, and of course they had plans to work in Mexico for a time and then try to move to United States."
Fox said Mexico's expanding oil industry would help build job opportunities in both his country and Central America, which will ultimately benefit the U.S. "It will help all three of us, that is part of what we're discussing, how can we remain competitive, how we can have plenty of energy and how we use energy to the benefit of people," he told Cosby.
Fox is an unapologetic advocate of illegal immigration, saying it helps both the U.S. and Mexico. Earlier this year he objected to U.S. plans to build a security fence along the Mexican border.
News Max.com ~ Carl Limbacher ** Vicente Fox Announces Huge Oil Find
Posted by yaahoo_2006iest
at 11:17 PM EST
